HomeMy WebLinkAbout04-3018COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA Al~ril 1, 2004
Whereas, the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, located at Baltimore, MD,
has filed in this Department a certified copy of its charter and a detailed statement of its Assets and Liabilities,
and otherwise complied with the requirements of Section 661 of the Act of Assembly of the Commonwealth of
Pennsylvania, entitled "An act relating to insurance; amending, revising and consolidating the Law &c.,"
approved the 17* day of May, A.D. 1921, as well as with the requirements of the laws of this Commonwealth
applicable to such company in doing business herein.
Now Therefore, I, M. Diane Koken, Insurance Commissioner of the Commonwealth of Pennsylvania, do
hereby certify, in accordance with Section 1, of the Act of Assembly approved June 29, 1923 and known as act
No. 373 of the Laws of 1923, that the Fidelity and Deposit Company of Maryland, of Baltimore, MD, is
duly authorized to become and be accepted as sole surety on all bonds, undertakings and obligations required or
permitted by law or the ordinances, rules or regulations of any municipality, board, body, organization, or
public officer.
In Witness Whereof, I have hereunto set my hand and
affixed my official seal, the day and year first above written.
FIDELITY AND DEPOSIT COMPANY
OF MARYLAND
3910 KESWlCK ROAD, BALTIMORE, MD 21203
Statement of Financial Condition
As Of December 31, 2003
ASSETS
Bonds ............................................................................................................................................... $ 125,371,211
Stocks .............................................................................................................................................. 35,569,210
Mortgage Loans ............................................................................................................................... 2,514,286
Cash in Banks and Offices and Short Term Investments ................................................................ 1,188,921
Other Accounts Receivable ............................................................................................................. 1,455,823
TOTAL ADM1TTED ASSETS ......................................................................................................... $ 166,099,451
LIABILITIES, SURPLUS AND OTHER FUNDS
Reserve for Taxes and Expenses ..................................................................................................... $ 154,962
TOTAL LIABILITIES .................................................................................................................... $ 154,962
Capital Stock, Paid Up ........................................................................................ $ 5,000,000
Surplus ................................................................................................................. 160,944,489
Surplus as regards Policyholders ..................................................................................................... 165,944,489
TOTAL ........................................................................................................................................ $ 166,099,451
Securities carried at $15,107,004 in the above statement are deposited as required by law.
Securities carried on the basis prescribed by the National Association of Insurance Commissioners. On the basis of
December 31, 2003 market quotations for all bonds and stocks owned, the Company's total admitted assets would be
$166,895,955 and surplus as regards policyholders $166,740,637.
I, DAVID A. BOWERS, Corporate Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby
certify that the foregoing statement is a correct exhibit of the assets and liabilities of the said Company on the 31 st
day of December, 2003.
''~ C 7~o ate Secretary
State of Illinios
City of Schaumburg SS:
Subscribed and sworn to, before me, a Notary Public of the State of Illinois, in the City of Schaumburg, this 27th day of February, 2004.
Notary Public